BizNews Blog

World crude oil prices in the U.S. rose in trading Wednesday (13/4). The increase triggered by the falling of U.S. gasoline stocks and the progress of the conflict in Libya.

For the light sweet crude raised 86 cents to US$ 107.11 per barrel. While Brent raised US$ 1.96 to US$ 122.88 per barrel towards the end of the contract for May delivery on tomorrow Thursday.

U.S. gasoline inventories fell million barrels last week as the biggest drop since October 1998 to 209.7 million barrels released by the U.S. Energy Administration Read it all..

Libyan War feared could affect crude oil prices reaching the highest level, which is US$ 140 per barrel as it was in 2008.

On Monday, March 21, 2011, oil prices exceeded US$ 103 per barrel. Oil prices increase after Libyan leader Moammar Gaddafi vowed would be a “long war” when the allied military attacks on countries that joined in the OPEC.

Coalition of the United States, France, Britain and other countries attacks with Read it all..

Crude oil in the U.S. rose to 3.5% in trading Thursday (17/3) due to increased tensions and riots in Libya and the Middle East.

Total volume of trading in U.S. crude oil fell to below 500,000 lots and the lowest number since 3 January.

Oil prices on the New York Mercantile Exchange, U.S. light, sweet crude raised US$ 3.44 (3.5%) to US$ 101.4 per barrel. In London Brent Crude oil for May delivery raised US$ 4.4 (3.9%) to US$ 115 after the Read it all..

Crude oil prices rebound in Asia on concern that production might be disrupted by the crisis that took place in Libya.

Brent crude oil traded at 116.44 dollars per barrel, approaching the highest price for the last two years. U.S. sweet crude oil price is at 104.88 dollars.

Latest price is increase following the air strike against an oil terminal near the rebel-held town, Ras Lanuf.

Ras Lanuf has undergone major bombing of a pro-Gaddafi troops last few Read it all..

Average world oil prices during the year 2010 are estimated to reach USD 85 per barrel in line with world economic recovery.

According to observers Kurtubi petroleum, oil prices will be in the range of USD 70-80 per barrel in the first quarter, then will begin to crawl up to the level of USD 85 per barrel in second quarter. This condition will continue to increase in quarter III and IV to the level to Read it all..